2022 Clarity Alternative Financial Services Lending Trends Report
If you're a lender, a vendor, an investor... and you somehow failed to study the much-anticipated Clarity AFS Report for 2022, here's your opportunity to learn
from it!
Clarity writes, "We analyzed the trends and financial behavior of alternative financial services (AFS) consumers from Clarity’s credit
database.
The study extends from 2017–2021 and is based on a sample of ~800 million consumer loan applications and nearly 35 million loans."
"2022 highlights at-a-glance:
Over the past five years, we’ve seen the highest amount of growth in the
rent-to-own industry.
The installment industry has also been on an incline and is showing signs of continued growth in the future.
Prescreen and prequalification volumes have doubled compared to prior years and are still on the rise.
Since 2019, each AFS industry has seen a decline in consumers new to the market.
During 2020, we observed a decrease in the average loan amount.
In 2021, we saw an increase in average loan amount specifically for the installment loan market."
Here's the link to Clarity's 2022 Industry Trends Report.
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